Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Something we never thought we would do but a friend called asking if she could rent our house over the summer. Never planned on it but since it is a friend we said yes. She will pay $1500 a month, not sure is that is cheap or not but money we did not plan on.
Anyway, what do I need to do. Is it just to get her a guest pass or ID so she can use the pools etc. How do I do that and is there anything else that I need to do. Thanks |
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#2
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I would check with your insurance co to see that you are covered.
You might also ask about how long the house can be vacant without an insurance problem. |
#3
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Thanks, the house is generally empty 46 weeks out of the year including May 1 to sometime in October.
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#4
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Most definitely check with your insurance. Liability differences for a renter are possibly different than for a guest in your home. Also, if you report rent on your taxes, it may change your tax status and forms needed.
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#5
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To obtain a guest ID, go here, log in, and complete the form. Guest ID Application
You’ll want to do this about 2-3 days ahead of time, and specify where you want to pick it up. Note that YOU will have to show your ID to pick it up, I believe. Other people who rent their home: can you confirm or correct that info about picking up the guest IDs?
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Teach your daughter how to shoot, because a restraining order is just a piece of paper. |
#6
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I would suggest calling the customer service center and ask them about the procedure. I believe it will involve turning in your resident ID for the period of time the renter will have their ID but the customer service center can point you in the right direction.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough |
#7
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I would assume the landlord would pass their Resident ID over to the renters.
Guest ID is not much use to a long term renter. |
#8
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We have previously rented our house for several summer months.
$1500./mo. seems like a fair rent, for summer months, providing you are still paying the typical monthly expenses. (Are your summer months June, July Aug.?) We turn our residence id's back to T.V. (depends on your location), they hold for us till we get back. The renter can then get a "residence id" for $50. for two persons, for the term of their rental. That cannot overlap with your time in T.V. (If so they need to get a guest id.) You just need to fill out a form for the renter to allow them to get their resident id. T.V. has the form online as well as in person. Need to go to their regional sales office. |
#9
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Interesting do you ask for a security deposit given that is a friend but what if they damage something?
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#10
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You are also required to collect/pay County/State taxes (~7% in Sumter County as I recall)
Who Must Register to Collect Tax? If you collect or receive rental charges or room rates for living quarters or sleeping or housekeeping accommodations for rental periods of six months or less (transient rental accommodations), you must register with the Department to collect, report, and remit sales tax and surtax, plus any local option transient rental tax that is collected by the Department. (Transient rental tax collected by the county is reported to the county.) Each transient rental accommodation is required to be separately registered by the owner or the owner’s agent who collects and receives rental payments on behalf of the owner. You can register to collect, report, and pay sales tax, discretionary sales surtax, and transient rental tax collected by the Department online at floridarevenue.com/taxes/registration. The online system will guide you through a series of questions that will help you determine your tax obligations. If you do not have internet access, you can complete a paper Florida Business Tax Application (Form DR-1). As a registered sales and use tax dealer, a Certificate of Registration (Form DR-11) and a Florida Annual Resale Certificate for Sales Tax (Form DR-13) will be mailed to you. Paper tax returns will be mailed to you unless you are filing electronically. The Certificate of Registration must be displayed in a clearly visible place at the location of the transient rental accommodation. The Florida Annual Resale Certificate for Sales Tax is used to lease or rent transient rental accommodations that will be subleased to others for which you will collect transient rental taxes. Florida law provides for criminal and civil penalties for fraudulent use of a Florida Annual Resale Certificate for Sales Tax. Last edited by n8xwb; 03-24-2022 at 04:29 PM. |
#11
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#12
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Gary,
You are now a landlord. I sincerely hope your friend is a really, really great friend since you now realize what you have taken on for her summer vacation. Assuming "the summer" meant 3 months, that means $4500.00 gross income. After all that you have to do for making all the arrangements for her to enjoy the amenities and to pay taxes etc. Since you have agreed (per my understanding of your post) to $1500.00 per month,it is assumed you will be paying for all the costs (water, sewer, electric, trash, cable/internet, cards, etc, plus the taxes and any fees) out of her payment to you. You may wish to have another talk with her, now that you are beginning to grasp the situation more firmly. ( Reread post 8, 10, 11! ) Think about it. Good luck with whatever you decide. |
#13
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All the information here is correct. Your home owner's will in fact charge you a prorated monthly amount, they will need the dates the guests will be here. Also be sure your golf cart is insured for renter's use, some policies will not cover that, The villages insurance does.
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#14
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Beware of "friends". Renting to friends is a big mistake unless you are willing to face your friend in court for damages to your home.
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#15
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Check with sales office for forms.
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Closed Thread |
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